The update comes after a public furor that large companies tapped the facility for hundreds of millions of dollars while thousands of small businesses have yet to receive funding.
stack for weeks. They can come every day because we are in the vicinity. Our business direction is to service not only walk-in customers but people in the barrio, through the sari-sari...
Congress established the program for businesses that employ fewer than 500 workers, but restaurants and hotels were granted some flexibility.
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Several big restaurant chains and other large businesses used a loophole in the coronavirus relief law to secure Paycheck Protection Program loans aimed at smaller businesses.
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More than a month into round two of the Paycheck Protection Program, there's more than $120 billion still left unallocated for small businesses.
The Small Business Administration's rescue loan program hit its $349 billion limit on Thursday and is now out of money.
the loan is approved. That is, the portion of the loan used to... of small businesses quickly for payroll,” Rubio explained. Business owners who want to see if they qualify for the loans...
JPMorgan Chase & Co. provided loans to virtually all of its commercial banking customers that sought financing through the small business relief program, while the lender’s smallest customers were...